Litecoin LTC/USD traded at 33.58 and continue to move within the framework of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $2 017 327 705. At the moment, we should expect an attempt to test the resistance level near the 35.00 area. Where can we again expect a rebound and the continuation of the fall of the Litecoin course with the goal below the level of 25.00.
Litecoin forecast & technical analysis November 23, 2018
In favor of lowering LTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. As well as a rebound from the upper boundary of the descending channel. Cancellation of the fall option will be a strong growth and the breakdown of the 37.50 area. This will indicate a breakdown of the upper boundary of the channel and the continued growth of the cryptocurrency rate. With the breakdown of the lower boundary of the «Triangle» model and the closure of quotes below the level of 29.50, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin forecast & technical analysis November 23, 2018 involves an attempt to test the resistance area near the level of 35.00. Where can we expect a rebound and the continuation of the fall of LTC/USD in the region below the level of 25.00. An additional signal in favor of Litecoin’s decline is a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the 37.50 area. This will indicate the continued growth of cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
